Town Centre
221 3rd Ave SE, Cedar Rapids, IA 52401
Town Centre is a five-story Class A office complex at 3rd & 3rd in downtown Cedar Rapids, IA, and is among the newest office buildings in the city. Now out of receivership and under new management, the property is seeing new life joining existing tenants Hibu, Savant Wealth Management, KFI Engineers, and BSI Engineering, among others. The attached parkade is the only privately-owned parking garage in downtown and provides very convenient access to the tenants, including an underground, completely sheltered parking floor. With modern access controls and lighting, and several fully built-out premium office suites available, this office is a gem in downtown.
Commercial suites at this office complex are available to lease for anything from professional offices to medical or other professional service providers, as well as for some retail and cafe use on the first floor.
Woodcrest Capital welcomes first time and franchise businesses to its centers with easy-to-read leases and flexible terms. Woodcrest is also sufficiently sophisticated to please the largest of national credit tenants. As a family-owned business with over 40 years in commercial real estate, Woodcrest owns and operates everything from Class A centers in the busiest neighborhoods to troubled centers it’s rehabilitating in struggling rural communities. Give us a call today to find the right location for your business as we usually have multiple retail opportunities in the immediate area!
Key features
- At 3rd & 3rd in the Heart of Downtown Cedar Rapids
- Private Parking Garage with enclosed premium parking options
- Direct access to the Skywalk network on the 2nd floor
- Premium office build-outs available
- Join this popular office complex in the heart of downtown with a special Introductory Rate for an As-Is lease today!
Rental Details
- Number of spaces 15
- Total square feet available 73,465 SF
- For Lease $4.95 - $19.95/SF/YR
- Space Type Retail, Office, Restaurant, Storage
- Lease Type NNN
- Latest Update Jul 30, 2026
Reach out to the broker for more info on lease terms and amenities
True
15 Spaces Available
| Space Name | Space Type | Lease Rate | Total Space | Floor | Lease Type | |
|---|---|---|---|---|---|---|
| 221-110 | Retail | $4.95/SF/YR | 6,719 SF | - | NNN | |
| 221-200 | Office | $4.95/SF/YR | 3,175 SF | - | NNN | |
| 221-225 | Office | $9.95/SF/YR | 940 SF | - | NNN | |
| 221-410 | Office | $4.95/SF/YR | 20,771 SF | - | NNN | |
| 316-120 | Office | $4.95/SF/YR | 2,020 SF | - | NNN |
221-110
- Space Type
- Retail
- Lease Rate
- $4.95/SF/YR
- Total Space
- 6,719 SF
- Lease Type
- NNN
221-200
- Space Type
- Office
- Lease Rate
- $4.95/SF/YR
- Total Space
- 3,175 SF
- Lease Type
- NNN
221-225
- Space Type
- Office
- Lease Rate
- $9.95/SF/YR
- Total Space
- 940 SF
- Lease Type
- NNN
221-410
- Space Type
- Office
- Lease Rate
- $4.95/SF/YR
- Total Space
- 20,771 SF
- Lease Type
- NNN
316-120
- Space Type
- Office
- Lease Rate
- $4.95/SF/YR
- Total Space
- 2,020 SF
- Lease Type
- NNN
316-130
- Space Type
- Restaurant
- Lease Rate
- $7.95/SF/YR
- Total Space
- 1,615 SF
- Lease Type
- NNN
316-400
- Space Type
- Office
- Lease Rate
- $4.95/SF/YR
- Total Space
- 8,478 SF
- Lease Type
- NNN
316-402
- Space Type
- Office
- Lease Rate
- $4.95/SF/YR
- Total Space
- 3,665 SF
- Lease Type
- NNN
316-405
- Space Type
- Office
- Lease Rate
- $4.95/SF/YR
- Total Space
- 686 SF
- Lease Type
- NNN
316-406
- Space Type
- Office
- Lease Rate
- $19.95/SF/YR
- Total Space
- 129 SF
- Lease Type
- NNN
316-407
- Space Type
- Office
- Lease Rate
- $4.95/SF/YR
- Total Space
- 598 SF
- Lease Type
- NNN
316-501
- Space Type
- Office
- Lease Rate
- $4.95/SF/YR
- Total Space
- 17,998 SF
- Lease Type
- NNN
324-100
- Space Type
- Office
- Lease Rate
- $4.95/SF/YR
- Total Space
- 1,149 SF
- Lease Type
- NNN
324-150
- Space Type
- Office
- Lease Rate
- $4.95/SF/YR
- Total Space
- 5,522 SF
- Lease Type
- NNN
324-175
- Space Type
- Storage
- Lease Rate
- $4.95/SF/YR
- Total Space
- 704 SF
- Lease Type
- NNN
Contacts
Woodcrest Capital
Building Details
- For Lease $4.95 - $19.95/SF/YR
- Property Type Office - Office Building
- Property Size 180,558 SF
- Lot Size 1.69 Acre
- Zoning U-DC (Urban Downtown Core)
- Additional Rent Price on request
- # of Floors 5
- Parking Spaces Avail. 348
- Parking Ratio 1.93 / 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class A
- Year Renovated 1991
- Date Updated Jul 30, 2026
Location
- City Cedar Rapids, IA
- Zip Code 52401
-
Walk score 78/100 Very Walkable -
Transit score 39/100 Some Transit -
Bike score 78/100 Very Bikeable
Points of Interest
ChargePoint
0.29 miles
Casey's General Store
0.36 miles
Caseys
0.73 miles
Kum & Go
0.75 miles
Fas Fuel
1.01 miles
Sinclair - Hawkeye
1.18 miles
Conoco
1.20 miles
Tesla Supercharger
1.51 miles
Hy-Vee Gas Station
1.54 miles
Kwik Shop
2.09 miles
3rd Avenue Ramp
0.07 miles
GTC Ramp
0.09 miles
Paramount Lot
0.10 miles
CRST Parking Garage
0.15 miles
May's Island Ramp
0.25 miles
Five Seasons Parking Ramp
0.25 miles
Lot 9
0.29 miles
Lot 12
0.30 miles
Lot 10
0.32 miles
Lot 44
0.39 miles
Johnny Boy's
0.86 miles
Big Z's Car Wash
1.79 miles
Washmohr Car Wash
1.94 miles
Five Seasons Detail
2.27 miles
Mt. Vernon Car Wash
2.39 miles
Enterprise
2.67 miles
Sparkling Image Car Wash
2.78 miles
Mister
2.82 miles
Mikey's Touchless Car Wash
3.30 miles
Tommy's Express Car Wash
3.47 miles
Gianna's Italian Beef
0.04 miles
The Coffee Emporium
0.04 miles
Pita'z Inc
0.04 miles
Austin Blues BBQ
0.04 miles
Sub King Deli
0.05 miles
Jimmy John's
0.06 miles
Deb's Ice Cream & Deli
0.07 miles
Little King Deli
0.08 miles
Primo Burrito
0.08 miles
The Blue Strawberry Coffee
0.09 miles
Babanur International Grocery
0.98 miles
K.A.F.F. Oriental & African Market
1.05 miles
Hy-Vee
1.13 miles
New Pioneer Food Co-Op
2.46 miles
ALDI
2.89 miles
Town and Country Shopping Center
3.13 miles
JCPenney
3.17 miles
Our Himalayan Store
3.19 miles
Ross
3.28 miles
Burlington
3.30 miles
Cedar Rapids Police Department
0.38 miles
Cedar Rapids Fire Department Central Station
0.38 miles
Physicians Clinic of Iowa
0.41 miles
Mercy Care Downtown
0.47 miles
Cedar Rapids OB Gyn
0.47 miles
Mercy Medical Center
0.48 miles
UnityPoint Health Work Well Clinic Therapy Plus
0.49 miles
Linn County Sheriffs Department
0.53 miles
Medical Plaza
0.55 miles
Family Practice Associates
0.62 miles
Listing Summary
-
Office Space Available at 221 3rd Ave SE
Office space currently available at 221 3rd Ave SE adds up to a total of 74,169 square feet across 15 listing(s). The largest individual space listed offers 20,771 square feet. Property use types available for lease at this property include: retail, office and restaurant.
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Learn More about 221 3rd Ave SE
The property incorporates a total of 73,465 square feet of space. Within the same building, there are 8,334 square feet of Retail space. Additionally, the property offers 704 square feet of Storage space for lease. 221 3rd Ave SE features a parking ratio of 1.93 / 1,000 SF, offering a total of 348 parking spaces. The most recent renovation work at this property was completed in 1991.
Interested in researching more about this property? Access in-depth research on 221 3rd Ave SE, including ownership details, transaction history, property characteristics, taxes, mortgage data, violations and more by creating a free account and viewing the full property report.
Woodcrest Capital
